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Jan 24, 2013
01/13
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CNN
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. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a pr stunt. any way, that's why the act passed. 33 republicans, 111 democrats voted against it. one dem who did, congresswoman debbie wasserman schultz and she tells us the bill wasn't a clean debt ceiling increase and only prolongs economic uncertainty. it only extents it for a few months so she's right about that. >>> in the last 48 hours or so, u.s. cargo planes made at least five trips into mali transporting about 80 french troops and more than 124 tons of supplies. a spokesman for the u.s./africa command tells us the airlifts began monday, are going to go on for several more days. i couldn't help but n
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid-may, as long as congress passes a budget by april 15th. if lawmakers don't come up with a blueprint for the budget, the measure states their pay will be withheld. constitution doesn't allow the no pay thing to really happen, so that is a...
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Jan 24, 2013
01/13
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CURRENT
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when you look at the difference of those three dates the debt ceiling involves a great amount of money interested. i don't think that's conspiracy toreconspiracytoreal. would they have a say in those matters? i think so. >> i would agree that they're kicking it over to the senate. as we've seen in the last budget debates that we've had the senate is really the only body that can do anything or get anything done. that's where the compromise will happen. we'll see--the house will come up with their paul ryan budget on steroids that they're planning right now and the senate will have to find compromise or common ground that the white house can agree to as well, and then we'll be back where we were at the end of 2011. i think the republicans definitely do--are taking a moment to regroup so they can fight that battle, and it will be a similar battle to the ones we've seen before. >> cenk: grace wyler, michael shure, we appreciate it. mark my words, they will shut the government down. they will do whatever they need to do. they will be as obstinate as humanly possible. they will sacrifice ev
when you look at the difference of those three dates the debt ceiling involves a great amount of money interested. i don't think that's conspiracy toreconspiracytoreal. would they have a say in those matters? i think so. >> i would agree that they're kicking it over to the senate. as we've seen in the last budget debates that we've had the senate is really the only body that can do anything or get anything done. that's where the compromise will happen. we'll see--the house will come up...
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Jan 24, 2013
01/13
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CNNW
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. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid may as long as congress passes a budget. the measure states their pay will be with held. constitution doesn't allow the no pay thing to really happen, any way, that's why the act passed. 33 republicans, 11 democrats voted against it. one who did, congresswoman debbie wasserman schultz and she tells us it wasn't a clean increase. she's right about that. >>> in the last 48 hours or so, u.s. cargo planes, transporting about 80 troops and 24 tons of supplies. a spokesman for the u.s. africa command tells us the air lifts began monday are going to go on for several more days. our country's -- and whether we should have a role is becoming more of a concern. i couldn't help but notice this on yahoo! today, asking you, should the united states intervene in mali? a majority of people say no. >>> the faa still hasn't determined what's causing elect
. >>> the house has passed a bill that would prevent the united states from hitting the debt ceiling. at least right away. it's dubbed the no budget no pay act. it was proposed by republicans and it lets the treasury department borrow money until mid may as long as congress passes a budget. the measure states their pay will be with held. constitution doesn't allow the no pay thing to really happen, any way, that's why the act passed. 33 republicans, 11 democrats voted against it. one...
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Feb 1, 2013
02/13
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KRON
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in exchange for temporarily suspending the debt ceiling. the bill requires lawmakers in both chambers of congress to pass a budget by mid- april. or have their pay withheld. it now advances to president obama's desk to be signed into law. >> the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. in the first day of confrontational confirmation hearings, some lawmakers picked apart hagel's record and his positions on key issues. facing his critics, former senator chuck hagel had this message to lawmakers during his confirmation hearing on capitol hill. >> we cannot allow the work of confronting the great threats we face today to be held hostage to partisanship on either side of the aisle. the stakes are too high. other critics say he has expressed questionable support for israel. despite mainly republican and conservative detractors, hagel is expected to win confirmation. even national polls show most americans support hagel's nomination to replac
in exchange for temporarily suspending the debt ceiling. the bill requires lawmakers in both chambers of congress to pass a budget by mid- april. or have their pay withheld. it now advances to president obama's desk to be signed into law. >> the road to confirmation will not be a smooth one for former senator chuck hagel. hagel is president obama's nominee to be the next defense secretary. in the first day of confrontational confirmation hearings, some lawmakers picked apart hagel's...
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Jan 31, 2013
01/13
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FBC
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without this legislation, the government would have surpassed its $16.4 trillion debt ceiling next month. just avoided that. more to come this hour including the latest on china hacking into our computers, and more than $7.5 trillion. that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ >> you know, sometimes it's the numbers that tell the story, and, tonight, there is one number, just one number that tells you everything you need to know about what's wrong with washington's play book. that number? 7.66 trillion, as in dollars, as in taxpayer dollars.
without this legislation, the government would have surpassed its $16.4 trillion debt ceiling next month. just avoided that. more to come this hour including the latest on china hacking into our computers, and more than $7.5 trillion. that's how much money was pumped into this economy in five years. where did it go? did it do any good? i'll break it down, next. ♪ not their short-term agenda. [ male announcer ]oin the nearly 7 million investors who think like you do. face time and think time...
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Jan 24, 2013
01/13
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CNBC
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ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the realistic vision in terms of a budget? i mean, this senate will have its budget plan, the house will have its bucket? should the people believe at some point soon we should get a budget for the country. >> i hope that we can. in the house we're committed to producing a budget that will balance in ten years, and this will be a significant shift from the kind of budget that we have produced before. we're dealing with a new baseline after the cliff deal, and i think there's a growing urgency amongst the people in the country to say, you know what? it's time for washington to start living within its means and high time for the federal government to get control of the unfund liabilities in the entitlement programs the way so many private sector industries have done. >> let me say on this ten-year idea for a moment. you've got your skeptic
ceiling for three months to allow time for the united states senate to write a budget so we can then begin the discussions on how we're going to repay this money that we're going to borrow as well as begin to manage down the debt long term. >> what's the realistic vision in terms of a budget? i mean, this senate will have its budget plan, the house will have its bucket? should the people believe at some point soon we should get a budget for the country. >> i hope that we can. in the...
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Jan 30, 2013
01/13
by
CNBC
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>> the sequester, next debt ceiling debate, a number of items that might send the market 10% lower. >> that's true but i have too much money to think about policy and not enough thinking about the fundamentals. >> 90% of hedge funds conform the market. the stock market was up 7% and the hedge funds averaging 8% or show. lot of that average performance came from worrying about these speed bumps. >> you can argue they were hedged. >> that might be. >> if you and andrew have never seen a period 800 on the dow, then 1200, then 3200, then 4200, then 6200, that was unbelievable to watch for 20 years. if you've never seen that, you have no input or experience on how that feels or work out, right? that would be a whole new dynamic -- >> i wasn't alive. >> i know. when that gets gone -- >> there's not enough research to support that point, the way people experience things in 20s and 30s it's with them their whole lives. joe and i think the bull market is normal and you guys think they're abnormal. >> if you haven't been through that -- >> when i go meet with clients on the younger side of thin
>> the sequester, next debt ceiling debate, a number of items that might send the market 10% lower. >> that's true but i have too much money to think about policy and not enough thinking about the fundamentals. >> 90% of hedge funds conform the market. the stock market was up 7% and the hedge funds averaging 8% or show. lot of that average performance came from worrying about these speed bumps. >> you can argue they were hedged. >> that might be. >> if you...